Hey,
I believe I have caught myself in a loss-chasing cycle. It's gotten to a point where I am now using my overdrafts and my final cryptocurrency investments to try and recoup any losses I have previously made.
The lower my funds get, the riskier my trades get, and the higher the leverage used. In total, I have lost just under £10,000. This is becoming more and more depressing as time goes on.
How do I safely recover my losses, preferably over a short period of time?
To avoid loosing to trades or burning out trades. My advice for you is to use low leverages.. And always set stop loss below more than one support level.. If you gain profit with time, you wont need high leverages to earn more and this will reduce your risk of losing in trades.